Barbara Herman Quoted
By Andrew Welsch
Since announcing a deal to sell its U.S. wealth management operations to Stifel, Barclays has lost advisors to rival firms such as Merrill Lynch and Morgan Stanley.
“I think it has much more to do with Stifel. They’re building a relationship and using these weeks and months to demonstrate their support and commitment [to Barclays advisors],” says Barbara Herman, senior vice president at Diamond Consultants.
“I think in a situation like this it’s all about connecting to Stifel’s leadership, management and making the fit,” she adds.
